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The global operating table market has seen a consistent rise over the past several years across different regions. This rapid growth has been a result of increased and improved R&D in the field. Such development has led to specialised operating tables being introduced in the market, with newer tables having finer adjustments and disease-specific utilities. This influx of newer and improved operating tables has caused end-use industries to update their apparatus, thus increasing the demand for the product. Since most health-care entities prefer to diversify their service, they find this a lucrative investment. Moreover, the recent COVID-19 pandemic has also pushed more countries to improve their healthcare facilities, which is anticipated to be another factor in stimulating demand for operating tables.
The demand has been high in the North American and European sectors, which already have a robust system of sophisticated hospital networks. The CAGR is expected to be high in the Asia Pacific sector, because of high populations and a vast scope for healthcare sectors to expand to untapped regions.
Hill-Rom Holdings (NYSE: HRC) has been a leading player in this market with a considerable range of products in the medical sector, offering products like smart-beds and surfaces, and other forms of healthcare-furniture. Other market players like Skytron LLC and Steric pls also offer considerable options in the market, thus offering a choice for end-users to choose between options. This can be expected to add to the industry growth in the forecast period 2021-2026.
Market Analysis by Product Type, Form, Application, and Regions:
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The major players in the operating table market are Hill-Rom Services, Skytron LLC, Steris plc, Aga Sanitätsartikel GmbH, Denyers International Pty, Getinge AB, and Medifa GmbH & Co. KG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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